arms - All posts tagged arms

Here\’s your Monday morning roundup: Alibaba could mean gold for six banks, those pesky ARMs are back, another bank CEO gets a big payday and the jury will soon deliver verdicts in the latest Madoff trial.

Back to ARMs: The adjustable-rate mortgages, that were partly blamed for causing the housing crisis, are back, according to a report in The Wall Street Journal. ARMs as they are known, start off with lower interest rates and are considered cheaper than ixed-rate mortgage loans but after a few years the rates jump up. ARMs comprised of 31% of total mortgages in the $417,001-to-$1 million range in the fourth quarter of 2013, according to latest data, up from 22% a year earlier and the largest proportion since the third quarter of 2008.

Shares of Smith & Wesson Holding are shooting higher Friday after the legendary firearms maker posted a drop in quarterly profit due to charges but said it garnered record sales and more than doubled its backlog. Smith & Wesson SWHC earned $1.1 million, or 2 cents a share in its fiscal fourth quarter, down from […]

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